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Nasdaq 100 Index Tracking ETF

Stock Market Analysis & Near-term Outlook (video)

At the start of this video, I had mentioned that I would cover the outlook for the stock market as well as gold, GDX, the US Dollar & various commodities & other trading opportunities that stand out at this time. However, as there were quite a few significant developments & key levels to cover on the broad markets, I decided to wrap the video up after covering SPY, QQQ, IWM, ES & NQ. A second video covering currencies, oil, precious metals & any other potential trading opps that stand out at this time will follow. playback speed can be increased in [...]

2018-05-23T10:21:12+00:00 May 23, 2018 10:21am|Categories: Equity Market Analysis|Tags: , , , , , , , |0 Comments

Stock Market & QQQ Top Component Analysis (video)

Technical analysis of SPY, QQQ & the top components of the Nasdaq 100 to provide the near & intermediate-term outlook for the US stock market as well as some potential developments to watch for. The following securities are covered in the following order: ES, NQ, QQQ, AAPL, AMZN, GOOGL, MSFT, FB, INTC, ADBE followed by brief coverage of the QQQ 60-minute chart. playback speed can be increased in the settings to reduce video duration

2018-05-21T14:15:48+00:00 May 21, 2018 2:12pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |0 Comments

S&P 500 Index & Sectors Near-term Outlook (video)

This video is a follow-up to the video published earlier today providing the long-term outlook for the US stock market via weekly charts with a focus on the near-term outlook of the S&P 500 along with about a dozen of the top components via analysis of the daily charts. playback speed can be increased in the setting to reduce the duration of the video As with the video covering the long-term charts published earlier today, this one runs a bit longer than usual as there are a lot of significant developments & key technical levels worth highlighting on these market-leading stocks [...]

2018-05-18T13:58:34+00:00 May 18, 2018 1:58pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , |0 Comments

US Dollar Rally Likely To Be Faded

Today's likely knee-jerk reaction to the retail sales data has spiked US Dollar Index futures up to a backtest of the recently broken 60-minute price channel. My preferred scenario has the $USD reversing off this backtest & fading all of today's pop & then some with a marginal new high, which would extend the negative divergences that were already in place at the previous highs, before the next leg down in the $USD and rally in gold (edit). DX (US Dollar Index futures) 60-minute chart & EUR/USD daily chart above. Click to expand any chart image. Once expanded, charts [...]

2018-05-15T10:37:26+00:00 May 15, 2018 10:30am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , |2 Comments

Rising Wedge Breakdowns on US Stock Indices

NQ (Nasdaq 100 E-mini futures) have broken down below the 60-min bearish rising wedge pattern. Next sell signal to come on an impulsive break below 6924. NQ 60-min May 14th QQQ also reversed following the backfill of the large March 19th gap, divergent high & trendline break. 60-minute chart: QQQ 60-min May 14th Likewise, ES (S&P 500 E-minis) are starting to break below the 60-minute bearish rising wedge pattern with the next sell signal to come on a solid 60-min close below 2728. ES 60-min May 14th

2018-05-14T13:39:23+00:00 May 14, 2018 1:39pm|Categories: Equity Market Analysis|Tags: , , , |4 Comments

YADH In AAPL & NQ

As of today, we have YADH (yet another divergent high) on the 60-minute charts of both the world's largest stock & top component of both the Nasdaq 100 as well as the S&P 500, along with another divergent high on the 60-minute chart of /NQ (Nasdaq 100 E-mini futures). Either this divergent high plays out for a correction, like all other previous divergent highs since the beginning of the year, or we continue to rally next week which would show a change of character (bullish) in the market. Until & unless proven otherwise, the odds favor the status quo (a correction [...]

2018-05-11T15:25:33+00:00 May 11, 2018 3:25pm|Categories: Equity Market Analysis|Tags: , , , |6 Comments